... the privileges which are enjoyed in each of the case. In the present paper the meaning and concept of the terms have been considered and the distinction between the terms on the basis of the rights and also the ruling of the court have been taken into consideration. Lease The relationship of lessor and the lessee is one of a contract, and a lease is defined as ' a contract between the lessor and the lessee for the possession and profits of land, etc, on one side and the recompense by rent or other consideration on the other.' Hence it has been held that 'a mere demand for rent is not sufficient to create the relationship of landlord and tenant which is a matter of contract assented to by both parties.' When the agreement vests in the lessee a right of possession for certain time, it operates as a conveyance or transfer ...

See this essay or coursework document in full right now